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Singapore minority oppressionbuyout valuationshareholder remedies

Kiri Industries Ltd v Senda International Capital Ltd (Minority Oppression)

[2022] SGCA(I) 5
JurisdictionSingapore
CourtSingapore Court of Appeal (from SICC)
Year2022
StatusBinding authority

Key Principle

In minority oppression buyout proceedings under s 216 of the Companies Act, a discount for lack of marketability (DLOM) should not be applied to the valuation of the minority shareholder's shares where the majority's oppressive conduct occasioned the buyout order, as the oppressor must not benefit from its own wrongdoing.

Area of Law

company

Related Cases

Foo Kian Beng v OP3 International Pte Ltd [2024] SGCA 10
Kiri Industries Ltd v Senda International Capital Ltd Kiri Industries Ltd v Senda International Capital Ltd [2022] SGCA(I) 5, [2022] 1 SLR 1
Senda International Capital Ltd v Kiri Industries Ltd [2022] SGCA(I) 5

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